Post by
mouserman on Jul 15, 2022 4:51pm
DFN unit NAV to JULY 15 = approx: $16.03
So a bit of a pullback late in the day, (RBC in particular) dropped the NAV for commons back to $6.03.
However was a positive move up for most of the stock holdings in DFN.
Banks did NOT gain back what was lost in the previous 2 days, and may be awhile before they do.
Premium at the close of 6.80 , is 77 cents or approx: 12.7 %.... and not bad for a split fund common with a high yield. AT the $ 6.80 close today, the annual yield would be 17.96%....
Wont find a better value as far as premium to NAV amongst those paying over 15% yield annually.
There are safer ones, but much higher premium on the likes of FTN, BK and LBS.
Those are ALL financial banks/lifecos only.... DFN a much more diversified fund.
Comment by
Sugaree on Jul 27, 2022 9:47pm
i am still trying to figure out at what share price DFN would have to fall to, to not pay a monthly dividend?